Why do you need life insurance? To make sure your family or partner is provided for financially on result of your death or serious accident. Unfortunatly it is not something you want to talk about, but it is something you need to think about.
Your life insurance premiums may be higher than normal if you are in a high risk occupation including the armed forces, fishermen, pilots, riggers etc.
If you stop paying the premiums on your life insurance it may be deemed as lapsed and no payout may be made when you die. You may not be even to claim your payments up to that date. If your personal circumstances change and you no longer can afford the payments, get intouch straigh away and come to some arrangement.
Taking out Premium protection cover on your policy means if you become unemployed or are off work sick your monthly premiums would be paid by the Life
insurance Company.
